Author (Corporate) | European Banking Authority |
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Series Title | Press Release |
Series Details | 03.07.15 |
Publication Date | 03/07/2015 |
Content Type | News |
The European Banking Authority (EBA) published on 03 July 2015 its final draft Regulatory Technical Standards (RTS) on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), and on the contractual recognition of bail-in. Both standards provide further specification of essential elements to ensure the effectiveness of the resolution regime established by the Bank Recovery and Resolution Directive (BRRD). These standards are part of the EBA's programme of work to implement the BRRD and address the problem of too-big-to-fail banks. |
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Source Link | http://www.eba.europa.eu/-/eba-publishes-final-technical-standards-to-ensure-effective-resolution-under-the-brrd |
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Subject Categories | Business and Industry |
Countries / Regions | Europe |
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